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THQ shares continue slump despite market rises

Publisher's stock drops a further 4.4% despite US markets jumping almost 3%

Phil Elliott avatar
News by Phil Elliott Contributor
Published on

THQ stock continues to suffer from the fallout of last week's financial results, in which the company detailed a USD 192 million loss, and outlined plans to cut 600 staff.

By the close of the markets on Friday the publisher's share price had dropped a further 4.4 per cent to USD 3.25, despite the US markets rising on average - the Dow Jones was up 2.7 per cent, while Nasdaq was up 2.94 per cent.

By comparison, other publishers who are experiencing difficult trading conditions saw stock rises - Electronic Arts was up 3.4 per cent to USD 19.34, while even troubled Midway rode the wave, rising by almost 4 per cent to 27 cents.

Meanwhile Microsoft jumped 3.3 per cent to USD 19.66, Activision Blizzard was up 2.4 per cent to USD 9.96 and Take-Two jumped almost 7 per cent to USD 7.78.